The correct answer is that is will take 14 years for the savings account to double in value.
The rule of 70 is the concept that an investment will double in value in the amount of time that you get when you divide 70 by the annual interest rate. In this case you divide 70 by 5, which equals 14. Therefore, according to the rule of 70, it will take 14 years for this money to double in value.
So you can buy $16 bottles in that case since all are for just a $1
The appropriate mutual fund that is going to be helpful for Mr Patel would be the Equity Mutual funds.
<h3>What is the Equity Mutual funds?</h3>
This is the type of investment that is overseen by a professional in the corporate money business.
Given that he said that he does not want to care much, this would be appropriate for him. Because he is not risk averse, he is going to have a higher return here.
Read more on Equity Mutual funds brainly.com/question/23601898
Answer:
13 years
Explanation:
As for the provided information, we have
Present value annuity factor required = 
Now provided interest rate = 6%
With this interest rate as in the future values for a series of same amount , we see that for 13 years the value = 8.8526
This can even be calculated as follows:
As with this we can confirm our answer.
Therefore, number of years = 13 years.
Answer:
The explanation of this question is given below in the explanation section
Explanation:
Sharing a folder on a local area network or LAN requires permission to access it. These permissions mostly categorized into read and write.
Those who have read permission, then they can only read those folders or files but they can't change the content of those folders or files. For example, if someone is allowed to read the files, If he tries to change, then the system will not allow him to change the contents of the file.
On the other side, If someone has permission to change the folders or files on the LAN network or local or public server. Then he has full authority to change the content. In short, the one who has the write permission, can easily change the content of that file or folder and have full control over it.
As asked in this question, a folder has been shared with permission that allows Accountant to have read permission and Manager to have the change permission. Marry is the accounting manager. Marry have full permission or full control (read, write) to accesses the shared folder from across the network.
